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Currently, the capital adequacy ratio of China's small-and medium-sized banks is around 12 percent to 13 percent, and their liquidity coverage ratio is more than 100 percent. These indicators show that small banks are capable of providing further financial support to small businesses, said Xiao Yuanqi, chief risk officer and spokesperson of the China Banking and Insurance Regulatory Commission.

Cui warned that it is dangerous to advocate any strategy for confrontation, clearly referring to the latest US national strategies unveiled by the Trump administration.

Customs officials at all levels should cooperate with other departments, such as environmental protection agencies, quality inspectors and those in the public security sector to carry out joint crackdowns, Mao said.

Cross-provincial tourist numbers on the rise

Cui Tiankai, Chinese ambassador to the United States, said on Thursday that the accusation of China's intellectual property violations is "groundless" and "a kind of discrimination."